Funding you earn now, next payment 00:00 UTC−0.0477%/8h= −52.2% APRnext payment −$4.77 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against GRVT−0.052%100s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,908as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,89818.976% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.052%, 7d avg +0.016%
=Together, before fees−0.040%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.068% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT LLY_USDT_Perp | 1,166.7 | 0.0466 | pay 0.0466% / 8h | 7h 57m | $222 | $203K | 10x |
| Short | Bybit LLYUSDT | 1,166.1 | −0.0011 | pay 0.0011% / 8h | 7h 57m | $1.3M | $633K | 25x |
GRVT LLY_USDT_Perp
Bybit LLYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$100.19
- Price spread: −0.052% → +0.016%
- −$6.79
- Slippage, 4 orders
- −$1,877.61
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,004.59
- Costs to cover
- 18.976%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 10 min ago; Bybit: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 10 min ago | 1.29 bp | 1844.5 bp −$1,845 | 108390.3 bp −$1.08M | 1172392.4 bp −$117.24M | doesn't fit |
| Sell Bybit live order book, 8 min ago | 4.16 bp | 19.1 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
LLY on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LLY-PERP | −0.0096% | 1h | 1,167.2 | +0.047% | $39K | $251 | 10x | as long as short |
| Bybit LLYUSDTshort | −0.0011% | 8h | 1,166.1 | −0.052% | $1.3M | $633K | 25x | |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,165.4 | −0.109% | $817K | $575K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,166.1 | −0.050% | $1.3M | $894K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,166.3 | −0.032% | $2.3M | $179K | 20x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,165.9 | −0.066% | $2K | $6.4M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,164.7 | −0.173% | $5K | $41K | 20x | as long as short |
| QFEX LLY-USD | +0.0004% | 1h | 1,169.2 | +0.214% | $1.2M | $5.2M | 10x | as long as short |
| Aftermath Perps LLYUSD | +0.0008% | 1h | 1,166.4 | −0.023% | $47K | $42K | 5x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,169.4 | +0.232% | — | — | 25x | as long as short |
Nado LLY-PERP
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
SunX LLY-USDT
HTX LLY-USDT
QFEX LLY-USD
Aftermath Perps LLYUSD
Vest LLY-USD-PERPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:LLY | +0.0050% | 1h | 1,166.2 | −0.040% | $8.6M | $1.1M | 10x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,166.2 | −0.040% | $138K | $76K | 20x | as long as short |
| Aster LLYUSDT | +0.0168% | 8h | 1,167.5 | +0.074% | $24K | $3K | 20x | as long as short |
| Variational Omni LLY | +0.0180% | 8h | 1,166.6 | −0.006% | $191K | $17K | — | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,178.3 | +0.997% | $10K | $21K | 12x | as long as short |
| Binance LLYUSDT | +0.0341% | 8h | 1,166.2 | −0.036% | $2.0M | $3.1M | 20x | as long as short |
| Phoenix LLY | +0.0343% | 1h | 1,166.8 | +0.011% | $1K | $7K | 10x | as long as short |
| BloFin LLY-USDT | +0.0360% | 8h | 1,165.7 | −0.086% | $84K | $84K | 20x | as long as short |
| GRVT LLY_USDT_Perplong | +0.0466% | 8h | 1,166.7 | long leg | $222 | $203K | 10x |
tradeXYZ xyz:LLY
KuCoin LLYUSDTM
Aster LLYUSDT
Variational Omni LLY
Injective LLY/USDC PERP
Binance LLYUSDT
Phoenix LLY
BloFin LLY-USDT